AC Summit LLC Invests in Texas-based MJB Wood Group, Inc.
GOLDEN, Colo. – AC Summit LLC, a holding company representing the interests of some members of the Coors family, today announced an investment in Irving, Texas-based MJB Wood Group, Inc. which is anticipated to close by the end of the month.
“We have admired MJB Wood Group and its executive team for years, and our due diligence confirmed that it is an extremely high-quality organization with an outstanding culture,” said Casey Gebhard, CFO of AC Summit LLC. “We intend for MJB Wood Group to continue to operate independently.”
With more than 40 years of experience in materials and manufacturing, MJB Wood Group, Inc. provides a diverse line of panel products, components, millwork and specialty products and supply chain solutions to the Millwork, Cabinet, Door, Furniture, Fixture/Display and RV/Transportation segments throughout North America, Asia and Europe.
“This partnership will support future growth with value-added manufacturing and supply chain solutions while continuing to build on our strong reputation of exceptional service to our customers and supply partners,” said Joe Caldwell, president and CEO of MJB Wood Group. “We are excited to work with the AC Summit team, and we believe they are uniquely positioned to provide growth capital and expertise for future expansions in the building products industry.”